Tisco predicts global recession next year

Unit pushes US government bonds

The global economy is projected to slide into a recession next year, says Tisco Economic Strategy Unit (ESU), which suggests investors reduce their stock investments and opt for debt instruments, especially US government bonds.

Komsorn Prakobphol, head of the economist strategy unit at Tisco ESU, said the expected recession would prompt the US Federal Reserve to cut interest rates faster and stronger than expected next year. As a result, the return on bond investments would surge to…